The ABC Impact team
Singapore-based private equity firm ABC Impact has announced the first close of its second impact fund.
Launched in August 2023, ABC Impact Fund II has garnered support from new and existing investors, including Temasek Trust, Temasek, SeaTown Holdings, and Mapletree Investments.
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Fund II Assets Under Management now exceeds US$550 million, with the final close expected in 2024.
Established in 2019, ABC Impact aims to generate positive and measurable social or environmental outcomes in Asia. Its inaugural US$300 million fund has been strategically deployed across various sectors, including financial and digital inclusion, better health and education, climate and water solutions, and sustainable food and agriculture.
Since its inception, ABC Impact Fund I has invested in 11 portfolio companies. The portfolio showcases impact-driven companies addressing environmental and societal challenges through innovative solutions.
Also Read: How climate tech companies in Asia measure the impact of their work
Last May, ABC Impact and sustainable chemical company Indorama Ventures led a £20 million Series B funding round in Polymateria Limited, a biotransformation technology company combating plastic pollution.
In 2022, the fund exited Singapore-based solar company Sunseap.
As per a study, impact investing is expected to see faster growth compared to other ESG investing approaches, with the main drivers being institutional adoption, next-generation wealth, and Asia transition progress.
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